Executive Summary 1-59 Methodology & Definitions 2 Overview 3-12 Market Rankings (2011/2016/2020) 13-33 Multichannel Pay-TV Subs (000) 13 Multichannel Pay-TV Penetration of TV Homes 13 Multichannel Pay-TV Subs (incl. customers that subscribe to multiple platforms) (000) 13 Multichannel Pay-TV Penetration of TV Homes (incl. customers that subscribe to multiple platforms) 13 Digital Pay-TV Subs (000) 14 Digital Pay-TV Penetration of TV Homes 14 Digital Pay-TV Subs (incl. customers that subscribe to multiple platforms) (000) 14 Digital Pay-TV Penetration of TV Homes (incl. customers that subscribe to multiple platforms) 14 Digital Penetration of Total Pay-TV Subs 15 Digital Penetration of Total Pay-TV Subs (incl. customers that subscribe to multiple platforms) 15 HD Pay-TV Subs (000) 15 HD Pay-TV Penetration of TV Homes 15 HD Pay-TV Penetration of Digital Pay-TV Subs 16 DVR Pay-TV Subs (000) 16 DVR Pay-TV Penetration of Digital Pay-TV Subs 16 Cable TV Subs (000) 16 Cable TV Penetration of TV Homes 17 Digital Cable TV Subs (000) 17 Digital Cable TV Penetration of TV Homes 17 Digital Cable TV Penetration of Total Cable TV Subs 17 DTH Satellite Subs (000) 18 DTH Satellite Penetration of TV Homes 18 IPTV Subs (000) 18 IPTV Penetration of TV Homes 18 Broadband Internet Subs (000) 19 Broadband Internet Penetration of Population 19 Fixed Broadband Internet Penetration of Total Households (%) 19 Fixed Broadband Subs (000) 19 Wireless Broadband Subs (000) 20 Cable Broadband Subs (000) 20 ADSL Broadband Subs (000) 20 FTTx Broadband Subs (000) 20 Fixed Share of Broadband Subs 21 Wireless Share of Broadband Subs 21 Cable Share of Broadband Subs 21 ADSL Share of Broadband Subs 21 FTTx Share of Broadband Subs 22 Cable Telephony Subs (000) 22 Total Pay-TV Industry Revenue (US$ mil.) 22 Multichannel Pay-TV Subscription Revenue (US$ mil.) 22 Multichannel Pay-TV Monthly ARPU (US$) 23 Multichannel Pay-TV Net Advertising Revenue (US$ mil.) 23 Total Cable TV Revenue (US$ mil.) 23 Total DTH Satellite Revenue (US$ mil.) 23 Total IPTV Revenue (US$ mil.) 24 Cable TV Monthly ARPU (US$) 24

II Asia Pacific Pay-TV & Broadband Markets 2012 table of contents

DTH Satellite Monthly ARPU (US$) 24 IPTV Monthly ARPU (US$) 24 Cable TV Subscription Revenue (US$ mil.) 25 DTH Satellite Subscription Revenue (US$ mil.) 25 IPTV Subscription Revenue (US$ mil.) 25 Cable TV Net Advertising Revenue (US$ mil.) 25 DTH Satellite Net Advertising Revenue (US$ mil.) 26 IPTV Net Advertising Revenue (US$ mil.) 26 Cable TV Share of Total Pay TV Subs 26 DTH Satellite Share of Total Pay TV Subs 26 IPTV Share of Total Pay TV Subs 27 Analog Pay TV Sub Revenue (US$ mil.) 27 Digital Pay TV Sub Revenue (US$ mil.) 27 HD Pay TV Sub Revenue (US$ mil.) 27 VAS Sub Revenue (US$ mil.) 28 VOD Revenue (US$ mil.) 28 DVR Revenue (US$ mil.) 28 PPV/NVOD Revenue (US$ mil.) 28 Total Broadband Industry Subscription Revenue (US$ mil.) 29 Broadband Monthly ARPU (US$) 29 Fixed Broadband Monthly ARPU (US$) 29 Wireless Broadband Monthly ARPU (US$) 29 ADSL Monthly ARPU (US$) 30 FTTx Monthly ARPU (US$) 30 Cable Modem Monthly ARPU (US$) 30 Cable Telephony Monthly ARPU (US$) 30 Fixed BB Subscription Revenue (US$ mil.) 31 Wireless Subscription Revenue (US$ mil.) 31 ADSL Subscription Revenue (US$ mil.) 31 FTTx Subscription Revenue (US$ mil.) 31 Cable Modem Subscription Revenue (US$ mil.) 32 Cable Telephony Subscription Revenue (US$ mil.) 32 Total Cable Industry (Video, Voice, Data) Subscription Revenue (US$ mil.) 32 Total Telco Broadband (BB+IPTV ) Industry Revenue (US$ mil.) 32 Total Pay-TV & Broadband Industry Revenue (US$ mil.) 33 Pay-TV as % of Total Pay-TV and Broadband Industry Revenue 33 Broadband Internet and Telephony as % of Total Pay-TV and Broadband Industry Revenue 33 Market Projections (2004-2020) 34-59 Population (000) 34 Total Households (000) 34 TV Homes (000) 34 TV Penetration of Total Households 34 Multichannel Pay-TV Subs (000) 35 Multichannel Pay-TV Penetration of TV Homes 35 Total Pay-TV Subs (incl. customers that subscribe to multiple platforms) (000) 35 Multichannel Pay-TV Penetration of TV Homes (incl. customers that subscribe to multiple platforms) 35 Asia Pacific Net New Pay-TV Subs (000) 36 Digital Pay-TV Subs (000) 36 Digital Pay-TV Penetration of TV Homes 36 Digital Pay-TV Subs (includes customers that subscribe to multiple platforms) (000) 36

Asia Pacific Pay-TV & Broadband Markets 2012 III table of contents

Digital Pay-TV Penetration of TV Homes (incl. customers that subscribe to multiple platforms) 37 Digital Penetration of Total Pay-TV Subs 37 Digital Penetration of Total Pay-TV Subs (incl. customers that subscribe to multiple platforms) 37 HD Pay-TV Subs (000) 37 HD Pay-TV Penetration of TV Homes 38 HD Penetration of Total Digital Pay-TV Subs 38 DVR Subs (000) 38 DVR Penetration of Total Digital Pay-TV Subs 38 Cable TV Subs (000) 39 Cable TV Penetration of TV Homes 39 Digital Cable TV Subs (000) 39 Digital Cable TV Penetration of TV Homes 39 Digital Cable Penetration of Total Cable TV Subs 40 DTH Satellite Subs (000) 40 DTH Satellite Penetration of TV Homes 40 IPTV Subs (000) 40 IPTV Penetration of TV Homes 41 Cable TV Share of Total Pay-TV Subs 41 DTH Satellite Share of Total Pay-TV Subs 41 IPTV Share of Total Pay-TV Subs 41 Digital Cable TV Share of Digital Pay-TV Subs 42 DTH Satellite Share of Digital Pay-TV Subs 42 IPTV Share of Digital Pay-TV Subs 42 HD Cable Subs (000) 42 HD DTH Subs (000) 43 HD IPTV Subs (000) 43 Cable DVR Subs (000) 43 DTH DVR Subs (000) 43 IPTV DVR Subs (000) 44 Broadband Internet Subs (000) 44 Broadband Internet Penetration of Population (incl. wireless) 44 Fixed Broadband Internet Penetration of Total Households (%) 44 Fixed Broadband Subs (000) 45 Wireless Broadband Subs (000) 45 Cable Modem Broadband Subs (000) 45 ADSL Broadband Subs (000) 45 FTTx Broadband Subs (000) 46 Fixed Share of Broadband Subs 46 Wireless Share of Broadband Subs 46 Cable Share of Broadband Subs 46 ADSL Share of Broadband Subs 47 FTTx Share of Broadband Subs 47 Cable Share of Fixed Broadband Subs (%) 47 ADSL Share of Fixed Broadband Subs (%) 47 FTTx Share of Fixed Broadband Subs (%) 48 Cable Telephony Subs (000) 48 Total Pay-TV Industry Revenue (US$ mil.) 48 Multichannel Pay-TV Subscription Revenue (US$ mil.) 48 Multichannel Pay-TV Monthly ARPU (US$) 49 Net Pay-TV Advertising Revenue (US$ mil.) 49

IV Asia Pacific Pay-TV & Broadband Markets 2012 table of contents

Multichannel Analog Pay-TV Subscription Revenue (US$ mil.) 49 Multichannel Digital Pay-TV Subscription Revenue (US$ mil.) 49 Multichannel SD Pay-TV Subscription Revenue (US$ mil.) 50 Multichannel HD Pay-TV Subscription Revenue (US$ mil.) 50 Multichannel VAS Subscription Revenue (US$ mil.) 50 Multichannel VOD Revenue (US$ mil.) 50 Multichannel DVR Revenue (US$ mil.) 51 Multichannel PPV/NVOD Revenue (US$ mil.) 51 Total Cable TV Revenue (US$ mil.) 51 Total DTH Satellite Revenue (US$ mil.) 51 Total IPTV Revenue (US$ mil.) 52 Cable TV Monthly ARPU (US$) 52 DTH Satellite Monthly ARPU (US$) 52 IPTV Monthly ARPU (US$) 52 Cable TV Subscription Revenue (US$ mil.) 53 DTH Satellite Subscription Revenue (US$ mil.) 53 IPTV Subscription Revenue (US$ mil.) 53 Cable TV Net Advertising Revenue (US$ mil.) 53 DTH Satellite Net Advertising Revenue (US$ mil.) 54 IPTV Net Advertising Revenue (US$ mil.) 54 Cable TV Share of Total Pay-TV Industry Revenue 54 DTH Satellite Share of Total Pay-TV Industry Revenue 54 IPTV Share of Total Pay-TV Industry Revenue 55 Broadband Industry Subscription Revenue (incl. cable telephony) (US$ mil.) 55 Broadband Monthly ARPU (US$) 55 Fixed Broadband Monthly ARPU (US$) 55 Wireless Broadband Monthly ARPU (US$) 56 ADSL Monthly ARPU (US$) 56 FTTx Monthly ARPU (US$) 56 Cable Modem Broadband Monthly ARPU (US$) 56 Cable Telephony Monthly ARPU (US$) 57 Fixed Broadband Subscription Revenue (US$ mil.) 57 Wireless Broadband Subscription Revenue (US$ mil.) 57 ADSL Subscription Revenue (US$ mil.) 57 FTTx Subscription Revenue (US$ mil.) 58 Cable Modem Broadband Subscription Revenue (US$ mil.) 58 Cable Telephony Subscription Revenue (US$ mil.) 58 Total Cable Broadband Industry Sub Revenue (US$ mil.) 58 Total Telco Broadband (BB+IPTV) Industry Revenue (US$ mil.) 59 Total Pay-TV + BB Industry Revenue (US$ mil.) 59 Pay-TV as % of Total Pay-TV and Broadband Industry Revenue 59 Broadband Internet and Telephony as % of Total Pay-TV and Broadband Industry Revenue 59

Regional Cable TV & Broadband Operators 60-80 Sector Highlights 61-63 Asia Pacific Broadband Cable TV Development: A Summary 62 Asia Pacific Cable TV Subscriber Development 62 Asia Pacific Cable Subscription Revenue Progression 63 Leading Operators 64-77 Leading Asia Pacific Cable Operators: Ranked by Cable TV Subs 72

Asia Pacific Pay-TV & Broadband Markets 2012 V table of contents

Leading Asia Pacific Cable Operators: Ranked by Digital Cable TV Subs 73 Leading Asia Pacific Cable Operators: Ranked by Fixed BB Subs 73 Leading Asia Pacific Cable Operators: Ranked by Cable Telephony Subs 74 Leading Asia Pacific Cable Operators: Ranked by Cable TV ARPU 74 Leading Asia Pacific Cable Operators: Ranked by Broadband ARPU 74 Leading Asia Pacific Cable Operators: Ranked by Turnover 75 Leading Asia Pacific Cable Operators: Ranked by EBITDA 76 Leading Asia Pacific Cable Operators: Ranked by Margin 77 Regional Cable Operators 78-80

Regional DTH Satellite Pay-TV Operators 81-92 Sector Highlights 82-83 Asia Pacific DTH Satellite Development: A Summary 83 Asia Pacific DTH Penetration Dynamics 83 Major DTH Markets by 2020 83 Leading Operators 84-90 Leading Operators: Ranked by DTH Subs (Y/E Dec 2011) 89 Leading Operators: Ranked by ARPU (Y/E Dec 2011) 89 Leading Operators: Ranked by Turnover (Y/E Dec 2011) 90 Leading Operators: Ranked by EBITDA (Y/E Dec 2011) 90 Leading Operators: Ranked by Margin 90 Regional DTH Satellite Pay-TV Operators 91-92

Regional IPTV & Broadband Operators 93-101 Sector Highlights 94-95 Asia Pacific Broadband IPTV Development: A Summary 95 Major IPTV Markets by 2020 95 Leading Operators 96-100 Leading Asia Pacific IPTV Operators: Ranked by IPTV Subs (Y/E Dec 2011) 99 Leading Asia Pacific Telco Operators: Ranked by BB Subs (Y/E Dec 2011) 99 Leading Asia Pacific IPTV Operators: Ranked by IPTV ARPU (Y/E Dec 2011) 99 Leading Asia Pacific Telco Operators: Ranked by Broadband ARPU (Y/E Dec 2011) 100 Regional IPTV Operators 101

Regional Broadcasters 102-131 Sector Highlights 103-104 Leading Regional Pay-TV Broadcast Groups (Ranked by EBITDA) 104 Pay-TV Channel Economics 104 Sector Analysis 105-108 Leading Asian Pay-TV Ad Markets By 2020 106 Pay-TV Advertising Share of Total Advertising, 2020 (Ranked by Markets) 106 Pay-TV Advertising Share of TV Advertising, 2020 (Ranked by Markets) 107 Pay-TV Channel Subscription Fees: Leading Markets, 2020 107 Leading Markets for Pay-TV Channels in Asia Pacific by 2020 (by total revenue) 108 Market Analysis 109-122 Market Rankings (2011/2016/2020) 123-124 Asia Pacific Pay-TV Channels: Total Revenue (US$ mil.) 123 Asia Pacific Pay-TV Channels: Subscription Revenue (US$ mil.) 123 Asia Pacific Pay-TV Channels: Advertising Revenue (US$ mil.) 123 Asia Pacific Pay-TV Channels: Advertising Revenue Portion of Total Channel Revenue (%) 123

VI Asia Pacific Pay-TV & Broadband Markets 2012 table of contents

Asia Pacific Pay-TV Channels: Subscription Revenue Portion of Total Channel Revenue (%) 124 Asia Pacific Pay-TV Channels: Total Average Monthly Revenue Per Sub (US$) 124 Asia Pacific Pay-TV Channels: Distribution Margin (%) 124 Market Projections (2004-2020) 125-126 Asia Pacific Pay-TV Channels: Total Revenue (US$ mil.) 125 Asia Pacific Pay-TV Channels: Subscription Revenue (US$ mil.) 125 Asia Pacific Pay-TV Channels: Advertising Revenue (US$ mil.) 125 Asia Pacific Pay-TV Channels: Advertising Revenue Portion of Total Channel Revenue (%) 125 Asia Pacific Pay-TV Channels: Subscription Revenue Portion of Total Channel Revenue (%) 126 Asia Pacific Pay-TV Channels: Total Average Monthly Revenue Per Sub (US$) 126 Asia Pacific Pay-TV Channels: Share of Total Pay-TV Industry Subscription Revenue (%) 126 Regional Broadcasters 127-131

Regional Digital & Interactive 132-167 Sector Highlights 133-135 Asia Pacific Digital Pay-TV Projections 134 Asia Pacific Digital Pay-TV Projections (excl. China) 134 Leading Asia Digital Pay-TV Operators: Ranked by Digital Pay-TV Subs (Y/E Dec. 2011) 135 Subscription Revenue Progression, 2004 - 2020 135 Market Analysis 136-153 Market Rankings (2011/2016/2020) 154-158 Digital Pay-TV Subs (000) 154 Digital Pay-TV Penetration of TV Homes 154 Digital Pay-TV Subs (includes customers that subscribe to multiple platforms) (000) 154 Digital Pay-TV Penetration of TV Homes (includes customers that subscribe to multiple platforms) 154 Digital Penetration of Total Pay-TV Subs 155 Digital Penetration of Total Pay-TV Subs (includes customers that subscribe to multiple platforms) 155 HD Pay-TV Subs (000) 155 HD Pay-TV Penetration of TV Homes 155 HD Pay-TV Penetration of Digital Pay-TV Subs 156 DVR Pay-TV Subs (000) 156 DVR Pay-TV Penetration of Digital Pay-TV Subs 156 Digital Cable TV Subs (000) 156 Digital Cable TV Penetration of TV Homes 157 Digital Cable TV Penetration of Total Cable TV Subs 157 Digital DTH Satellite Subs (000) 157 Digital DTH Satellite Penetration of TV Homes 157 IPTV Subs (000) 158 IPTV Penetration of TV Homes 158 Market Projections (2004-2020) 159-163 Digital Pay-TV Subs (000) 159 Digital Pay-TV Penetration of TV Homes 159 Digital Pay-TV Subs (includes customers that subscribe to multiple platforms) (000) 159 Digital Pay-TV Penetration of TV Homes (incl. customers that subscribe to multiple platforms) 159 Digital Penetration of Total Pay-TV Subs 160 HD Pay-TV Subs (000) 160 HD Pay-TV Penetration of TV Homes 160 Asia Pacific HD Penetration of Total Digital Pay-TV Subs 160 Asia Pacific DVR Subs (000) 161 Asia Pacific DVR Penetration of Total Digital Pay-TV Subs 161

Asia Pacific Pay-TV & Broadband Markets 2012 VII table of contents

Asia Pacific Digital Cable TV Subs (000) 161 Asia Pacific Digital DTH Satellite Subs (000) 161 Asia Pacific IPTV Subs (000) 162 Asia Pacific Digital Cable TV Penetration of TV Homes 162 Asia Pacific Digital Cable Penetration of Total Cable TV Subs 162 Asia Pacific Digital DTH Satellite Penetration of TV Homes 162 Asia Pacific IPTV Penetration of TV Homes 163 Asia Pacific Multichannel Digital Pay-TV Subscription Revenue (US$ mil.) 163 Asia Pacific Multichannel HD Pay-TV Subscription Revenue (US$ mil.) 163 Asia Pacific Multichannel VAS Subscription Revenue (US$ mil.) 163 Digital Software & Hardware Providers 164-167

Regional Broadcasting & Pay-TV Finance 168-186 Sector Highlights 169 Sector Analysis 170-174 Asia Pacific Broadband Pay-TV Operator Valuations 170 Asia Pacific Broadcaster Valuations 170 Leading Asia Pacific Broadband Pay-TV Operators: Ranked by Turnover 171 Leading Asia Pacific Broadband Pay-TV Operators: Ranked by EBITDA 171 Leading Asia Pacific Broadband Pay-TV Operators: Ranked by EBITDA Margin 171 Leading Asia Pacific Broadcasters: Ranked by Turnover 172 Leading Asia Pacific Broadcasters: Ranked by EBITDA 172 Leading Asia Pacific Broadcasters: Ranked by EBTIDA Margin 172 Asia Pacific Broadcasting & Pay-TV M&A (2011) 173 Asia Pacific Pay-TV & Broadcasting IPOs (2011) 173 Leading Asia Pacific Pay-TV & Broadcasting Bonds 174 Asia Pacific Pay-TV & Broadcasting Loans (2011) 174 Strategic Investors, Financial & Venture Cap Investors, Investment Banks 175-186

Regional Regulation 187-195 Sector Highlights 188 Sector Analysis 188-192 Regulatory Bodies & Associations 193-195

Australia 196-213 Operating Indicators 197 Market Highlights 198 Broadband Pay-TV Industry Economics 198 Market Analysis 199-206 Australia Pay-TV & Broadband Market Model: Historicals & Forecasts 202-206 Operator Profiles 207-210 Foxtel 207 Austar United Communications 208 SingTel Optus 209 Telstra Corp. 210 Pay-TV Prices & Packs 211-212 Foxtel 211-212 Internet Prices & Packs 213 Telstra Corp. 213

VIII Asia Pacific Pay-TV & Broadband Markets 2012 table of contents

China 214-234 Operating Indicators 215 Market Highlights 216 Broadband Pay-TV Industry Economics 216 Market Analysis 217-225 China Pay-TV & Broadband Market Model: Historicals & Forecasts 221-225 Operator Profiles 226-230 Beijing Gehua Cable TV Network 226 Oriental Cable TV Network 227 Shenzhen Topway 228 China Cable Network 229 China Telecom 230 Pay-TV Prices & Packs 231-234 Oriental Cable 231-232 Shenzhen Topway 233-234

Hong Kong 235-259 Operating Indicators 236 Market Highlights 237 Broadband Pay-TV Industry Economics 237 Market Analysis 238-246 Hong Kong Pay-TV & Broadband Market Model: Historicals & Forecasts 242-246 Operator Profiles 247-250 i-Cable Communications 247 PCCW 248 TVB Pay Vision 249 City Telecom 250 Pay-TV Prices & Packs 251-257 i-Cable Communications 251-253 PCCW 254-256 TVB Pay Vision 257 Internet Prices & Packs 258-259 PCCW 258 i-Cable Communications 259

India 260-313 Operating Indicators 261 Market Highlights 262-263 Broadband Pay-TV Industry Economics 263 Market Analysis 264-281 India Pay-TV & Broadband Market Model: Historicals & Forecasts 276-281 Operator Profiles 282-294 Hathway Cable & Datacom 282 Digital Entertainment Networks (Den) Pvt. Ltd 283 IndusInd Media & Communications Ltd. (InCable) 284 Wire and Wireless (India) Ltd 285 You Broadband & Cable India Ltd 286 Ortel Communications 287 Asianet Satellite Communications 288 Dish TV India Ltd 289

Asia Pacific Pay-TV & Broadband Markets 2012 IX table of contents

Tata Sky Ltd 290 Sun Direct TV (P) Ltd 291 Reliance Big TV Ltd 292 Bharti Telemedia Ltd 293 Videocon d2h 294 DTH Operators: Summary Of Packages And Pricing 295 Pay-TV Prices & Packs 296-313 Dish TV India Ltd 296-297 Tata Sky Ltd 298-299 Bharti Airtel 300-304 Hathway Cable & Datacom 305 Videocon d2h 306-308 Reliance Big TV 309-311 Sun Direct TV (P) Ltd 312-313

Indonesia 314-345 Operating Indicators 315 Market Highlights 316 Broadband Pay-TV Industry Economics 316 Market Analysis 317-328 Indonesia Pay-TV & Broadband Market Model: Historicals & Forecasts 323-328 Operator Profiles 329-335 PT MNC Sky Vision 329 PT LinkNet 330 PT Indonusa Telemedia 331 Polaris Media Group 332 PT Mega Media Indonesia 333 PT Telekomunikasi Indonesia 334 Biznet 335 Pay-TV Prices & Packs 336-344 MNC Sky Vision 336-338 LinkNet (First Media) 339 Mega Media 340 Polaris 341-342 Telkom 343-344 Internet Prices & Packs 345 LinkNet (First Media) 345 Telkom 345 Biznet 345

Japan 346-370 Operating Indicators 347 Market Highlights 348 Broadband Pay-TV Industry Economics 348 Market Analysis 349-358 Japan Pay-TV & Broadband Market Model: Historicals & Forecasts 354-358 Operator Profiles 359-361 Jupiter Telecommunications (J:COM) 359 Sky Perfect JSAT 360 Nippon Telegraph and Telephone Corp. (NTT) 361

X Asia Pacific Pay-TV & Broadband Markets 2012 table of contents

Pay-TV Prices & Packs 362-370 J:COM TV (Jupiter Telecommunications) 362 Sky PerfecTV! (Sky Perfect Communications) 363-369 Hikari TV (Nippon Telegraph and Telephone Corp.) 370 Internet Prices & Packs 370 J:COM Net (Jupiter Telecommunications) 370

Korea 371-396 Operating Indicators 372 Market Highlights 373 Broadband Pay-TV Industry Economics 373 Market Analysis 374-383 Korea Pay-TV & Broadband Market Model: Historicals & Forecasts 378-383 Operator Profiles 384-391 Tbroad 384 CJ HelloVision 385 Cable & Multimedia (C&M) Communications 386 KT SkyLife 387 Korea Telecom (KT) 388 SK Broadband 389 LG UPlus 390 Hyundai Communications Network (HCN) 391 Pay-TV Prices & Packs 392-396 CJ HelloVision 392 Cable & Multimedia (C&M) Communications 393 SkyLife 394-396

Malaysia 397-414 Operating Indicators 398 Market Highlights 399 Broadband Pay-TV Industry Economics 399 Market Analysis 400-407 Malaysia Pay-TV & Broadband Market Model: Historicals & Forecasts 404-407 Operator Profiles 408-410 Astro All Asia Networks 408 Telekom Malaysia 409 Asian Broadcasting Network 410 Pay-TV Prices & Packs 411-413 Astro All Asia Networks 411-412 Telekom Malaysia 413 Internet Prices & Packs 414 Telekom Malaysia 414

New Zealand 415-429 Operating Indicators 416 Market Highlights 417 Broadband Pay-TV Industry Economics 417 Market Analysis 418-426 New Zealand Pay-TV & Broadband Market Model: Historicals & Forecasts 421-426 Operator Profiles 427-428

Asia Pacific Pay-TV & Broadband Markets 2012 XI table of contents

Sky Network Television Ltd 427 Telecom Corp. of New Zealand Ltd 428 Pay-TV Prices & Packs 429 Sky Network Television Ltd 429

Pakistan 430-439 Operating Indicators 431 Market Highlights 432 Broadband Pay-TV Industry Economics 432 Market Analysis 433-438 Pakistan Pay-TV & Broadband Market Model: Historicals & Forecasts 436-438 Operator Profile 439 Worldcall Telecom Ltd 439

Philippines 440-465 Operating Indicators 441 Market Highlights 442 Broadband Pay-TV Industry Economics 442 Market Analysis 443-454 Philippines Pay-TV & Broadband Market Model: Historicals & Forecasts 450-454 Operator Profiles 455-459 SkyCable Corp. 455 Global Destiny 456 MediaQuest Holdings Inc. 457 Philippine Long Distance Telephone Co. 458 Globe Telecom Inc. 459 Pay-TV Prices & Packs 460-463 SkyCable Corp. 460-462 Cignal Digital TV (MediaQuest Holdings) 463 Internet Prices & Packs 464-465 SkyCable Corp. 464 PLDT 464 Globe Telecom Inc. 465

Singapore 466-482 Operating Indicators 467 Market Highlights 468 Broadband Pay-TV Industry Economics 468 Market Analysis 469-476 Singapore Pay-TV & Broadband Market Model: Historicals & Forecasts 472-476 Operator Profiles 477-478 StarHub 477 Singapore Telecommunications 478 Pay-TV Prices & Packs 479-481 StarHub Cable Vision 479-480 mioTV (Singapore Telecom) 481 Internet Prices & Packs 482 StarHub 482 SingTel 482

XII Asia Pacific Pay-TV & Broadband Markets 2012 table of contents

Sri Lanka 483-494 Operating Indicators 484 Market Highlights 485 Broadband Pay-TV Industry Economics 485 Market Analysis 486-491 Sri Lanka Pay-TV & Broadband Market Model: Historicals & Forecasts 488-491 Operator Profiles 492 Dialog Axiata PLC 492 Pay-TV Prices & Packs 493-494 Dialog Axiata PLC 493-494

Taiwan 495-516 Operating Indicators 496 Market Highlights 497 Broadband Pay-TV Industry Economics 497 Market Analysis 498-506 Taiwan Pay-TV & Broadband Market Model: Historicals & Forecasts 502-506 Operator Profiles 507-511 China Network Systems 507 Kbro Co. Ltd 508 Taiwan Broadband Communications 509 Taiwan Mobile 510 Chunghwa Telecom Co. Ltd 511 Pay-TV Prices & Packs 512-515 Kbro Co. Ltd 512 Taiwan Broadband Communications 513 Chunghwa Telecom Co. Ltd 514-515 Internet Prices & Packs 516 Chunghwa Telecom Co. Ltd 516

Thailand 517-535 Operating Indicators 518 Market Highlights 519 Broadband Pay-TV Industry Economics 519 Market Analysis 520-531 Thailand Pay-TV & Broadband Market Model: Historicals & Forecasts 527-531 Operator Profiles 532-533 True Corp. 532 GMM Z 533 Pay-TV Prices & Packs 534-535 True Corp. 534-535

Vietnam 536-555 Operating Indicators 537 Market Highlights 538 Broadband Pay-TV Industry Economics 538 Market Analysis 539-548 Vietnam Pay-TV & Broadband Market Model: Historicals & Forecasts 544-548 Operator Profiles 549-553 K+ 549

Asia Pacific Pay-TV & Broadband Markets 2012 XIII table of contents

Saigontourist Cable Television Company (SCTV) 550 Vietnam Cable Television (VCTV) 551 Ho Chi Minh City Television Choice Centre (HTVC) 552 Audio Visual Global (AVG) 553 Pay-TV Prices & Packs 554-555 K+ 554 Saigontourist Cable Television Company (SCTV) 555

XIV Asia Pacific Pay-TV & Broadband Markets 2012

Table of Contents